This week's news from Japan included additional comments confronting crypto trading from China, Binance'southward potential interest in Japan, positivity from the International Budgetary Fund (IMF), more than crypto exits from European Union (EU) regions, and stablecoin positivity from France.

Check out some of this week's crypto and blockchain headlines, originally reported by Cointelegraph Nippon.

People's republic of china reaffirms its stance against crypto trading

Crypto-hostile Cathay has one time once more confirmed its ban on crypto asset trading, co-ordinate to comments from Beijing's director of Financial Supervisory Administration Huo Xuewen.

"Virtual currencies cannot exist used as legitimate digital currencies," Huo said to a Chinese news outlet on Jan 11, as well adding that distributing and trading such assets is also unlawful.

"China does not allow cross-border cryptocurrency trading," Huo connected. "No company tin sell foreign cryptocurrencies in China and exchange cryptocurrencies with RMB."

Binance aims to enter Japanese market through Tao Tao collaboration

Crypto commutation giant Binance is reportedly discussing collaborative terms with Z Holdings' daughter company Z corporation, and Tao Tao, a digital asset trading platform in which Z corporation is invested. Z Holdings was previously known as Yahoo! Nippon.

 The three entities are reportedly working on a deal that would result in a trading platform for citizens of Nihon, in line with regulation.

New Japanese working group to consider security token offering regulations

Equally Cointelegraph Japan reported, on Jan. xvi, the Japan STO Association has appear the formation of a new working group to develop guidance for regulating security token offerings in the state.

The new working group plans to focus on the mechanics of token operations, the functions of token holders, their use of blockchain, and their storage.

Crypto exchange Coincheck has begun distributing Stellar airdrop

Major Japanese crypto substitution Coincheck announced on Jan. 14 that they have begun distributing the 28 million Stellar XLM ($1.7 million) received in a 2022 airdrop.

Stellar, which launched in 2022, burned nearly $five billion in tokens on Nov. 5. Shortly after, the token'southward toll rose essentially, only to slip for the side by side several months before seeing some gains in early January alongside a major bull market across the crypto world.

Source: Coin360

Source: Coin360